American economist Lawrence Summers said policy makers should focus on growth strategies rather than debate on issues about the budget deficit.
US economy
Breaking News
With Congress working feverishly, the current budget impasse and the debt ceiling may become an economic superstorm.
According to an article for Reuters, the banks' notion of capital being the US economy's savior was a farce.
Populist movement Occupy Wall Street had marked its second anniversary through a planned march the United Nations office and a protest near the New York Stock Exchange.
Markit, a financial data company, said that the US factory activities increased by 53.9% which was its best rise since March.
Retail sales in the US rose in July, signifying better times for the US economy.
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